BlueLinx Holdings Inc. (NYSE:BXC) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokerages have set a 12 month consensus price objective of $28.00 for the company and are anticipating that the company will post $0.48 earnings per share for the current quarter, according to Zacks. Zacks has also given BlueLinx an industry rank of 161 out of 256 based on the ratings given to related companies.
A number of brokerages have recently issued reports on BXC. B. Riley began coverage on shares of BlueLinx in a research note on Thursday. They issued a “buy” rating and a $28.00 price objective for the company. ValuEngine raised shares of BlueLinx from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st.
A number of large investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC bought a new stake in BlueLinx during the 2nd quarter valued at $25,000. Charles Schwab Investment Management Inc. raised its holdings in BlueLinx by 6.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 21,028 shares of the construction company’s stock valued at $417,000 after buying an additional 1,306 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in BlueLinx by 398.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,859 shares of the construction company’s stock valued at $50,000 after buying an additional 1,486 shares during the last quarter. Atria Investments LLC bought a new stake in BlueLinx during the 2nd quarter valued at $4,029,000. Finally, WINTON GROUP Ltd raised its holdings in BlueLinx by 28.7% during the 2nd quarter. WINTON GROUP Ltd now owns 12,974 shares of the construction company’s stock valued at $257,000 after buying an additional 2,894 shares during the last quarter. Institutional investors own 82.04% of the company’s stock.
Shares of BlueLinx stock traded up $1.00 during trading on Friday, reaching $26.23. The company’s stock had a trading volume of 210,121 shares, compared to its average volume of 132,468. BlueLinx has a 52-week low of $17.88 and a 52-week high of $42.72. The company has a market cap of $236.28 million, a P/E ratio of -7.25 and a beta of 1.89. The firm has a 50-day simple moving average of $20.28.
BlueLinx (NYSE:BXC) last announced its quarterly earnings data on Wednesday, August 7th. The construction company reported ($0.15) earnings per share (EPS) for the quarter. BlueLinx had a negative net margin of 0.92% and a negative return on equity of 606.34%. The business had revenue of $706.45 million during the quarter. On average, sell-side analysts expect that BlueLinx will post 0.59 EPS for the current fiscal year.
BlueLinx Holdings Inc, together with its subsidiaries, distributes building and industrial products in the United States. It distributes structural products, including plywood, oriented strand board, rebar and remesh, lumber, spruce, and other wood products primarily used for structural support, walls, and flooring in construction projects; and specialty products comprising engineered wood, moulding, siding, cedar, metal, and insulation products.
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